On November 22nd, derivative trading protocol IntentX announced the completion of a $2.5 million seed round of financing, led by Magnus Capital, with participation from Agnostic Fund, Prismatic Capital, MS2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital, and others.
It is reported that IntentX is a decentralized derivative market for the entire chain, aiming to solve the problem of low efficiency in decentralized derivatives. IntentX has released an Open Beta version, providing trading for over 180 perpetual currency pairs.
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